According to Greg Cipolaro, head of research at NYDIG, inflation has little impact on Bitcoin prices, and a weaker dollar is actually driving up Bitcoin and gold prices. He noted that while Bitcoin is often viewed as "digital gold" or an inflation hedge, data doesn't fully support this view, and Bitcoin's correlation with inflation indicators is neither stable nor high.

Cipolaro stated that Bitcoin and the US dollar index have a negative correlation. While this trend is newer than gold, it is gradually strengthening. He predicts that as Bitcoin further integrates into the traditional financial system, its inverse correlation with the US dollar will become more pronounced. Furthermore, he believes that interest rates and money supply are the primary macroeconomic factors influencing the trends of Bitcoin and gold. Generally speaking, loose monetary policy and lower interest rates are conducive to Bitcoin price increases.

He concluded that gold serves more as a "real interest rate hedging tool," while Bitcoin has evolved into a "liquidity barometer" that reflects global liquidity conditions. (CoinTelegraph)